Summary: Muscat: The delay and failure on the part of MSM-listed companies in disclosing
material information .
Eighty-eight percent of respondents said their companies have no immediate plans to move toward exclusive use of their corporate website for
material information disclosure; just 8 percent have used the corporate website as the only channel.
301 of the Executive Bylaw of the Capital Market Law about the periods at which the company board member may not deal in the securities of the issuer on the basis of undisclosed
material information means the natural person who is practicing the membership at the company either in his personal capacity or as a representative for a juristic person.
The fines follow an investigation by the DFSA, in which the DFSA found that Arun Panchariya and Satish Panchariya failed to disclose
material information to the DFSA in their applications to the DFSA to become Authorised Individuals in February 2009.
By making such inquiries, the commission sought to determine whether a sudden movement in the price of a company's stock was precipitated by the actions of a small group of investors to whom the company--intentionally or not--had selectively disclosed nonpublic
material information about itself.
An optional SCA-DA (supervisory, control and data acquisition) package provides formula/recipe facilities,
material information and various production schedules tailored to the requirements of the system.
Designed to create a level playing field for both large and small investors, Reg FD is now requiring companies to provide all investors with direct guidance about expected future results, in addition to publicly disclosing
material information.
In particular, the regulators reminded dealers that they must obtain and disclose to their customers, at or before the time of trade, all
material information about the bond that is either known to them or publically available through established industry sources, including, but not limited to, continuing disclosures and other information made available through the MSRB's Electronic Municipal Market Access System (EMMA).
The NYSE requires the use of a press release issued by a major wire service when disclosing
material information.
The first group includes traditional insiders (such as the offering company, the target company and their respective officers, directors, partners, employees, advisers and anyone acting on their behalf) plus each person who gets
material information about the tender offer and knows or has reason to know the information is nonpublic.
Retterath, DAKT's chief financial officer, will host the conference call, which will contain forward-looking statements and other
material information.
As directed by Section 303 of Sarbanes-Oxley, the SEC has adopted rules that, among other things, prohibit a director or officer, directly or indirectly, from omitting to provide
material information to an accountant in connection with an audit or the preparation of reports to be filed with the SEC.
